Hi °C | Lo °C MORE than a third of retailers could be in danger of collapse, a study has found.
Company website Vision-net tested almost 5,600 firms from its database, with 36pc showing signs of business failure.
The analysis categorised 19pc as being at medium risk of collapse while 45pc were deemed low risk.
The figures come after recent difficulties involving high-profile retailers including Black Tie, HMV and B&Q.
Vision-net managing director Christine Cullen said retailers and wholesalers are coming under increasing cost pressures from upward only rents.
“As our figures show, the high street is feeling the impact of curbed spending as a result of pay freezes, job losses and sapped confidence,” Ms Cullen said.
“However, last week’s deal on Ireland’s debt burden could generate positive economic sentiment which is key to a recovery in the retail sector.”
